California’s long-promised high speed rail is facing municipal opposition against a proposed financing scheme that could see some local taxes funneled into the rail line’s construction.
The proposed plan is to divert property tax growth – and possibly some sales taxes – stemming from developments near high speed rail stations to help pay for the track that’s supposed to stretch from San Francisco to Anaheim.
In Anaheim, that means tax revenue near ARTIC could take a hit since the train station is across the street from the Honda Center – the same area the OC Vibe entertainment development is being built…